What a coincidence: Only U.S. Automaker Not Run by Obama Posts Profit

“Ford Motor Co. returned to profitability in its second-quarter and slowed its cash burn amid speculation that it may issue more equity to reduce its debt,” reports The Wall Street Journal. “The auto maker reported a net income of $2.3 billion, or 69 cents a share, compared with a loss of $8.67 billion, or $3.89 a share, for the same period a year earlier.” Ford is the only one of the Big Three U.S. automakers that has not succumbed to government-run bankruptcy, though it is now at a distinct disadvantage to its competitors because of that virtue. For example, while GM was able to dump about $40 billion in debt, Ford still has more than $26 billion in debt. Granted, Ford is no corporate saint, but it’s good to see it succeed without government help. Though really, just imagine how happy stockholders could have been if Ford had been government run

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